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STATtVCS T*TS rIUtOANADACANADAJU\' 28 1976 LIBRARY $IBLIOTHEQUEEMPLOYMENT AND PAYROLLS OCTOBER, 1958DOMINION BUREAU OF STATISTICS Ld.bour Division Employment S.cUoDMHV) BUREAU OF STATISTICS Labour
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Labor market information is essential for various stakeholders, including:
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- Government agencies: to formulate policies and make informed decisions related to employment, training, and economic development.
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- Employers and businesses: to understand the current job market, identify labor supply and demand, and plan their recruitment and workforce strategies.
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- Jobseekers: to explore career opportunities, understand industry trends, and make informed decisions about education and training.
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- Educational institutions: to design relevant and market-driven courses and programs, aligning them with the needs of the labor market.
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- Economic development organizations: to attract investments, support business growth, and create sustainable job opportunities.
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- Non-profit organizations: to identify labor market gaps, advocate for workforce development initiatives, and provide career counseling and support services.
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- Policy makers and legislators: to devise policies that address labor market challenges, inequalities, and promote inclusive economic growth.
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Labor market information (LMI) refers to data and statistics about employment, unemployment, wages, and the supply and demand for labor within a specific region or industry.
Employers who meet certain criteria, usually based on the number of employees, industry classification, or state regulations, are required to file labor market information.
To fill out labor market information, employers typically need to complete specific forms provided by the relevant labor department or organization, which may include reporting on employee numbers, wages, and job vacancies.
The purpose of labor market information is to provide insights into employment trends, help policymakers make informed decisions, and assist job seekers and employers in understanding the labor market.
Employers must report information such as the number of employees, job classifications, wages, hours worked, and any job openings they have.
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